Conference,

2013 Fourth International Conference on Advances in Computer Science

, and (Eds.)
(2013)

Abstract

The world of Fiat currencies are old, outdated, not enough hard currency money supply and mismanaged by its current governments (Currency Wars) and now starting to cause Social unrest, this is only the beginning and trying to get ahead of and prevent this very serious situation from getting really out of hand. The world has experienced Global Financial Crisis (2008 -2013), Central Banks disorder = Major Social disorder & unrest. In this paper, we present a survey on crypto currencies, merits of crypto currencies compared to fiat currencies and we then compare different crypto currencies that are proposed in the literature. Finally, we propose different requirements that should be satisfied by crypto currencies to replace Fiat Currencies.

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